Pembina exec says oilpatch consolidation could be good news for bottom line

Lauren Krugel · The Canadian Press

· Posted: Nov 07, 2025 1:40 PM EST | Last Updated: 29 minutes ago

An enforcement with earthy state shipper and processor Pembina Pipeline Corp. says caller consolidation among Canadian producers could accelerate projects and payment its bottommost line.

Pembina has a "great relationship" with some U.S.-based Ovintiv Inc. and the shaper it's readying to get for $3.8 billion, NuVista Energy Ltd., main operating serviceman Jaret Sprott said Friday.

"It's bittersweet to spot 1 of our large customers go, but it's besides breathtaking to spot them speech astir filling the state plants faster," Sprott said connected Pembina's third-quarter results league call.

Denver-based Ovintiv said earlier this week that 1 of the charismatic aspects of the NuVista acquisition is the 600,000 1 cardinal British thermal units of semipermanent processing capableness it has secured. Ovintiv, which rebranded from Encana and moved from Calgary to Denver successful 2020, said the woody could assistance it turn accumulation successful the Montney portion by 5 per cent per twelvemonth for the adjacent 3 to 5 years.

Pembina is besides expecting beardown request for the earthy state liquids it processes and transports, which oilsands companies volition request to dilute their increasing bitumen production, enabling it to travel done pipelines, Sprott said.

Earlier this week, Pembina besides announced a 20-year woody with Malaysia's Petronas for capableness astatine the Cedar LNG earthy state export terminal nether operation successful British Columbia.

Pembina said it expects agreements for the remaining 500,000 tonnes per annum of capableness astatine Cedar LNG by the extremity of the year.

The $4-billion US plant, jointly owned with the Haisla Nation, remains connected fund and connected way to travel into work successful 2028, the institution said.

Meanwhile, Pembina said it has much than $1 cardinal of projected pipeline expansions successful the works to grip increasing accumulation retired of the Montney, Duvernay and Deep Basin areas of Alberta and British Columbia.

A last concern determination connected an enlargement to its Peace Pipeline strategy is expected by the extremity of this year. Next year, it expects to greenlight 2 different projects: a condensate pipeline linking Taylor, B.C., to Gordondale, Alta. and different enlargement to its strategy successful northeast B.C.

Pembina besides said it and spouse Kineticor are expecting to marque a last concern determination connected the Greenlight Electricity Centre earthy gas-fired powerfulness works successful Alberta during the archetypal fractional of adjacent year.

On Thursday, Pembina posted a nett of $286 cardinal during the 3rd quarter, a driblet from the $385 cardinal it earned during the aforesaid play a twelvemonth earlier.

The nett amounted to 43 cents per stock versus 60 cents per stock during the 3rd 4th of 2024. Analysts had connected mean been expecting net per stock of 65 cents, according to LSEG Data and Analytics.

Revenue was $1.79 billion, down from $1.84 billion.